How to Invest from 100 to 10,000 dollars.
Rules :
1 = Don't invest in every coin.
2 = Don't go for more than 5 coins.
3 = Plan DCA.
4 = Maximum entry in any coin should be 500.
5 = Do day trading and longterm together.
6 = Always buy at support or after breakout confirmation.
7 = No future trading in this setup is explained.
8 = Sell on small profits again and again.
Let's start :
Use atleast 5 planned entries so you always have capital available if the price hits lowest.
1 = Starting with 100 dollars?
Pick 1 coin
20 × 5 = 100
Total 100
Entries look small but they worth it,you ll never get stuck,always buy at support only.
2 = Starting with 1000 dollars?
Pick 1 coin
100 × 10 = 1000
Total 1000
Let's take example of sol coin,you buy it at 97 and it drops to 93 so you buy again at 93 and it goes up to 95 so your average buying price is 95 now,take 100 dollars first entry out and now buying rate is 95 for first entry so you can place maximum sell limit for it and wait for next bottom,you still have 9 entries left for big instant dumps,that's the proper way of day trading and long term holding.
3 = Starting with 2000 dollars?
Pick 2 coins
100 × 10 = 1000
100 × 10 = 1000
Total 2000
Or pick 1 coin.
200 × 10 = 2000
Total 2000
In this budget either you can pick two coins or double the investment ratio to 200 dollars for 1 coin. (Double better)
4 = Starting with 5000 dollars?
Same rule like 2000 dollars,either pick 5 coins or increase the invest to 500 for 2 coin as per your choice. ( I shall increase ammount).
Pick 5 coins
200 × 5 = 1000
200 × 5 = 1000
200 × 5 = 1000
200 × 5 = 1000
200 × 5 = 1000
Total 5000
Or pick 2 coins
500 × 5 = 2,500
500 × 5 = 2500
Total 5000
Or pick 1 coin only
500 × 10 = 5000
Total 5000
Always remember rule no.4
5 = Starting with 10000 dollars?
In this budget you can pick 4 coins and remember that the maximum entry is 500.
500 × 5 = 2500
500 × 5 = 2500
500 × 5 = 2500
500 × 5 = 2500
Total 10000
Or pick 1 coin again (much better).
500 × 20 = 10000
Total 10000
I know you are not going to do this but still guiding you.
Reasons :
Nobody knows the exact bottom and If you put everything in at once and the coin drops, you have no capital left to buy at better prices. With 5 to 10 planned entries, you can build your position gradually and keep cash available for deeper dips.
Your first entry gets you into the market.Your next entries allow you to buy lower.Your final entries give you more flexibility if the market falls further.The goal is to catch good bottom with maximum returns of day trading.The goal is to control your capital and avoid putting everything into one price.
Invest patiently. Keep capital available. Don’t chase the market,you'll get coin on your desired price eventually it's my 5 years experience.
#iamcryptoprince